Multi-Housing News Penzance has paid $75.5 million, or $190,657/unit, for the 396-unit Compass at City Center apartment complex in Newport News, Va. The Washington, D.C., company acquired the property from DF Ventures, the investment arm of Drucker + Falk of Newport ...
The Chesterfield Towne Center shopping mall in Richmond, Va., has been sold for $80 million to a venture of Pacific Retail Capital Partners, JRE Partners, and Anastacia AG. The sale, by Brookfield Properties, resolves a long-troubled CMBS loan with a ...
The White Plains, N.Y., investor will pay an additional $3 million when a lease with Skechers for just more than 10,000 sf is finalized. In addition, it has set aside $4.66 million in reserve, including $1.41 million to fund tenant ...
Yale Realty Services Corp. has paid $97.61 million, or $239.66/sf, for the 407,261-square-foot Landstown Commons shopping center in Virginia Beach, Va. The White Plains, N.Y., investor will pay an additional $3 million when a lease with Skechers for just more ...
Commercial Observer MLG Capital has paid $100 million, or $294,117/unit, for the 340-unit PeachTree of McLean apartment property in the Washington, D.C., suburb of Falls Church, Va. The Brookfield, Wis., investment manager bought the property from Erkiletian of Arlington, Va., ...
Commercial Observer Deloitte is subleasing 600,000 square feet of space at the Waterview, a 647,000-square-foot office building in the Washington, D.C., suburb of Rosslyn, Va. Morgan Stanley Real Estate Investing owns the 24-story property, at 1919 North Lynn St., paying ...
US Property Trust has paid $127.5 million, or $496.19/sf, for Burke Centre, a 256,958-square-foot retail property in the Washington, D.C., suburb of Burke, Va. The Los Angeles investor, which focuses on the retail sector and owns 25 properties in eight ...
Commercial Real Estate Direct Staff Report The CMBS trust that holds a $51.85 million loan against the Worldgate Centre in the Washington, D.C., suburb of Herndon, Va., is close to taking title to the 229,326-square-foot retail property. Its owner, Rappaport ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
